23. Your daughter is three years old now and will be going to college in 15 years....
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23. Your daughter is three years old now and will be going to college in 15 years. You would like to have $450,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4% per year, how much money do you need to put into the account today to ensure that you will have $450,000 in 15 years?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292018409
3rd Global Edition
Authors: Berk, Peter DeMarzo, Jarrad Harford
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